UK police arrested another person in an investigation into activity near RAF Fairford.

U.S. Treasury Secretary Bessent said Iran did not load any crude oil onto tankers last month.

HKMA chief Eddie Yue said last month’s Fed rate hike — the first in three years — widened the HK–US rate gap and contributed to HKD softening. The HKD traded around 7.8300–7.8380 in April–May then weakened from mid‑June to about 7.8460–7.8475, approaching the weak‑side convertibility undertaking at 7.85 per USD. Yue cited two main drivers: carry trades prompted by the wider rate differential and a drop in HKD demand linked to the equity market. Near‑term currency moves will depend on capital market activity, appetite for carry trades, local liquidity and the Fed policy outlook. If the HK–US rate gap stays wide, the linked exchange rate system’s automatic rate adjustment could push the HKD weaker and potentially trigger the weak‑side convertibility undertaking, which would lower banks’ aggregate clearing balances and lift Hibor — stabilising the rate within the 7.75–7.85 band; timing of any trigger is uncertain.